The Shiba Inu Ecosystem

The Shiba Inu Ecosystem

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The Shiba Inu ecosystem consists of the following three tokens:

Shiba Inu (SHIB): The project’s foundational currency is Ryoshi. To start, he locked 50% of 1 quadrillion Shiba Inu coins in Uniswap for liquidity purposes and sent the other 50% to Ethereum co-founder Vitalik Buterin for safekeeping. In May 2021, when India was suffering from the Delta variant of coronavirus, Buterin donated more than $1 billion worth of Shiba Inu coins to a COVID-19 relief fund in India. Shortly thereafter, Buterin also burned 40% of Shiba Inu’s total supply by permanently removing it from circulation to a dead wallet.

Leash (LEASH): The second token in the Shiba Inu ecosystem, Leash, is much scarcer than other tokens in the system. With a total supply of only 107,646 tokens compared with trillions of Shiba Inu tokens.

Bone (BONE): There are a total of 250,000,000 Bone tokens in circulation. It is designed to be used as a governance token that will allow the SHIBArmy to vote on future proposals.

Three tokens make up the Shiba Inu ecosystem: Shiba Inu (SHIB), Leash (LEASH), and Bone (BONE).

The Shiba Inu Ecosystem also includes:

  • ShibaSwap: The purpose of DeFi platform ShibaSwap is to be a safe, decentralized place to trade cryptocurrencies. SHIB and LEASH can be bought and sold through ShibaSwap.
  • Shiba Inu Incubator: The incubator hopes to move beyond traditional art forms like painting, photography, and digital rendering to find new ways of honoring creativity.
  • Shiboshis: Shiboshis are NFTs generated by 10,000 Shiba Inus. Each Shiboshi is unique and has different collectible traits.